Some of my recent clients aren't really into using paypal so I'm wondering if there are other as popular or little known but useful pay transfers sites out there that I havent heard about yet.
For Canadian clients I also use Interac e-transfer.
Thanks in advance.
Replies
you could get paid in bitcoin instead.
https://bitcoin.org/en/
BTC still seems highly volatile, with a steady decline over the year.
http://www.coindesk.com/price/
While it does offer zero-> very low fees, you're still faced with a currency thats weakening on a daily basis. Unless you're in and out of the currency quickly, I would avoid it.
"BTC still seems highly volatile, with a steady decline over the year."
lols,,but with a incline over 2 years (why choose 1 year?), usd has been on a steady decline since inception, and has lost 98% of its value (if you're holding usd it's losing value). volatility is expected when the market cap is low, its healty (another topic for another time), don't get caught up in the fud. it's growing in transaction volume and the network is strengthening daily, for me still the best way to move money around. i don't agree that is weakening because the price went down. it's a network effect tech, telephones weren't useful until lots of people had them.
-adding one thing, i like the security aspect of it, it felt really wrong sending my personal info to someone in Europe i don't know. i digress though, don't want to get preachy or whatevs.
When an index goes from 1100 -> sub 400, within a period of 12months, I can't imagine calling it healthy. That's a crash.
BTC is what most analysts would consider as bear market index, for the moment.. Money(volume) has been exiting it since early 2014, as identified by the bars along the bottom of the graph. This may change, but it's anyones guess when it'll find a support bottom.
For whatever reasons attributed to it's sky rocketing success in 2013, it has failed to reach any support levels for the time being. It's currently a currency losing valuation exceedingly faster than the USD or any other currency I'm aware of.
Though, Bitcoin sounds like it favours the merchant far more than the client. So we have added protection on our side, if we choose to use it.
Also the US dollar has lost 95% of its value since 1913. Which sucks for anyone who stuffed all their money into a matress before the great depression then fell into a coma but is really meaningless for anybody living today where inflation is below 2% a year.
The USD is estimated to have lost 1.7% of its value in 2014. Meanwhile BTC lost almost 50% of its value in the same timespan.
this is the important chart right now.
https://blockchain.info/charts/n-transactions
almost 100k transactions per day and growing. you might want to give Paypal,dell,new egg, and the hundreds of millions of VC dollars including peter theil himself(paypal) some consideration, because they see it differently (snarky, sry).
again everything you said is presented as an investment.....it's not a currecy, its not aninvestment. its digital asset running on new tech (think digital magic bean using torrents). its relation to usd is not really important to this discussion, unless your making the point that is on the outs because of the price drop, but transaction volume contradicts the market depth your seeing. if you understand what this technology actually is and what it can do, its an easy sell.
and since 2 posters mentioned it. its not fair to just pick an arbitrary time and say "look, its declining vs usd, it doesn't add any good data. that's why i randomly threw out "its up from two years". dont think that came through as inteded
https://www.chase.com/online-banking/quickpay
Mstankow, your comment is ill-informed my friend. Crazy people? That's offensive. Seems to me like you need to read up on Bitcoin.
Bitcoin is not an investment. Those treating it as such are the ones who are going to miss out. That being said, everyone should have a Bitcoin or two because it is gaining in popularity at an exponential rate, as long as you have the money to burn of course, never putting all eggs into one basket and what not.
Its adoption keeps on going up. Please show me ANYTHING where a company or website has said 'We no longer support Bitcoin.' You won't find it because it doesn't exist. In addition to that, the price is stabilizing. It's only been in existence for 5 years, you cannot expect something that new to be completely stable from the get-go.
You're the one who brought up its 2 year pricing trends and compared it to the erosion of the USD as if it was some kind of counterargument. If you didn't disagree then I'm not sure why you would even post that...
i was replying to post #4 where StephenVyas brought up an arbitrary 1 year trend, and then post 7(the chart) iwasn't replying to yours post. i threw out a 2 year example just to show you cant just pick a random time frame, it doesnt add anything useful. the price trend/volatility is not important at all to our use.
my ultimate point was to show that the price in usd is NOT the metric you look at to see weather this is useful technology.
the comparison to usd was to show that even though its trend is down and losing value, it's still useful. same here, price trend is down, doesn't mean its less a valuable system.
Therefore, to convert your Bitcoin to USD or to your local currency you need to find an online service where you can sell your Bitcoins. There's a fee involved, it varies depending on the service.
It seems that in the US there's a lot of options, but not so much in other countries.
Some experienced users recommend selling Bitcoin on eBay, it seems, in order to ask for a higher value than what is the market standard.
I wouldn't have patience for this, I just want the currency in my account and forget about it, so it's PayPal for the time being.